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In the latest trading session, Pinterest (PINS) closed at $33.21, marking a +1.37% move from the previous day.
Pinterest has just launched Performance+ ahead of the holiday season: a new suite of AI and generative AI tools to help advertisers optimize targeting and drive results. Pinterest CEO Bill Ready joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
Zacks.com users have recently been watching Pinterest (PINS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Pinterest's focus on positivity and AI-driven content recommendation is driving strong user growth, especially among Gen Z, now 40% of its +500 million users. CEO Bill Ready's leadership, with a background at Google and PayPal, is pivotal in steering Pinterest's positive and user-centric strategy. Pinterest's valuation metrics are comparable to Meta Platforms, despite its faster Monthly Active User growth, making it an attractive investment.
Cathie Wood bought shares of Pinterest, PayPal, and GitLab on Monday. Pinterest and GitLab have shed nearly a third of their values since peaking in March and April of this year.
Pinterest Inc PINS stock climbed in early trading Tuesday after Cathie Wood‘s Ark Invest purchased shares.
I see Pinterest's 20x next year's EBITDA valuation as an attractive entry point, especially compared to peers like Snap. Nearly 15% of Pinterest's market cap being cash gives me confidence in its financial strength and ability to invest in growth. Despite some near-term profitability concerns, Pinterest's long-term potential and growing user base make it an appealing investment.
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Zacks.com users have recently been watching Pinterest (PINS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Pinterest (PINS) closed the most recent trading day at $28.89, moving +0.1% from the previous trading session.